Assicurazioni Generali (G) AGM 2025 summary

Opening remarks and agenda

• The AGM was held in person at the Generali Convention Center in Trieste under the chairmanship of Andrea Sironi, marking a return to physical gatherings and covering approval of 2024 financial statements and election of a new Board of Directors.

• The agenda included approval of financial statements, board appointments, remuneration policies, incentive plans, share buybacks, and amendments to the articles of association.

• The meeting was validly constituted with 68.726% of share capital represented, meeting legal requirements.

• Shareholders and stakeholders could follow the opening speeches via live streaming, with accessibility features such as sign language and subtitles.

Financial performance review

• 2024 financial statements were approved, reporting a net result of €3,724 million.

• Operating result reached a record EUR 7.3 billion, up 8.2% year-on-year, with adjusted net profit at EUR 3.8 billion, up 5.4%.

• Gross written premiums rose to EUR 95.2 billion (+14.9%), with strong growth in both life and P&C segments.

• Total assets under management increased by 31.6% to EUR 863 billion, driven by acquisitions and net inflows.

• The group maintained a solid solvency ratio of 210% and increased shareholders' equity by 4.9%.

Board and executive committee updates

• A new Board of Directors with 13 members was elected for a three-year term until 2027, with the Chairman and Group CEO expressing willingness to continue their mandates.

• Majority list received 52.38% of votes, first minority list 36.85%, second minority list 3.67%.

• Board members' independence and shareholdings disclosed; first Board meeting scheduled for 28 April.

• Outgoing directors were thanked for their professionalism and constructive dialogue.